Gold dipped to a one-week low on Wednesday, tracking a weaker euro on heightened worries about the euro zone debt crisis as Spain's borrowing costs spiralled towards unsustainable levels. Spot gold fell as much as 0.6 percent to $1,544.74 an ounce earlier in the day, and later recovered some losses to trade at $1,550.54 by 0634 GMT. Prices are poised for a monthly loss of nearly 7 percent and a fourth month of decline.
US gold was little changed at $1,550.